Ready to pay $1,000 a year for a premium credit card? New Amex, Chase offers could raise fees, experts say.

High-fee premium credit cards can still be a good deal if you can work the right perks and upgrades

Published: June 16, 2025 at 6:03 p.m. ET

Annual fees for premium credit cards appear poised to increase. Photo: MarketWatch photo illustration/iStockphoto

Talk about sticker shock: Your premium rewards credit card might soon carry a $1,000 annual fee. 

At least that’s what some card and rewards experts are saying, particularly with the news that both American Express AXP and JPMorgan Chase JPM are planning to revamp their high-end rewards offerings — namely, their Amex Platinum and Chase Sapphire Reserve cards.